Exports in the non-oil sector increased by 45%
According to the April issue of the "Export Review", in January-March 2022, Azerbaijan's exports amounted to 8 billion USD, 727.2 mln USD in the non-oil sector. Exports in the non-oil sector amounted to 225.6 million USD compared to 2021 or increased by 45%.
In January-March 2022, fruit and vegetable production increased by 28.5% compared to the same period last year and amounted to 124.9 million USD. During the relevant period, exports of chemical products increased by 10 times, aluminum and aluminum products by 63.9%, ferrous metals and their products by 48.7%, cotton yarn by 29.3% and cotton fiber by 5.6%.
In March 2022, exports amounted to 2 billion USD. Exports in the non-oil sector increased by 55.9% and amounted to 265.5 million USD. In March 2022, exports of food products increased by 13.6% compared to the same month last year to reach 48.8 million USD, and non-food products increased by 70.1% , amounting to 216.7 million USD.
Op-eds
Agil Asadov
Head of the Strategic planning division
Moody's: Growing influence of the Middle Corridor boosts economic prospects
Ayaz Museyibov
Deputy Executive Director of the CAERC
Azerbaijan and Türkiye: Leading through unity in global crises
Ayaz Museyibov
Deputy Executive Director of the CAERC
Türkiye-Kyrgyzstan partnership fuels Middle Corridor's rise
Shabnam Mammadli
Sector director of the Monitoring of socio-economic programs
The liquidation of "Azalternativenerji" LLC will serve to reduce the demand and risks for state resources
Tarana Salifova
Head of the Monitoring and evaluation division
The change made in the strategy of socio-economic development for 2022-2026 will stimulate high economic growth
Vusal Gasimli
Executive director of CAERC
The equilibrium real exchange rate in a commodity exporting country: Azerbaijan's experience
Gunay Guliyeva
Head of department at CAERC
Educational Loans Will Accelerate Economic Development